Which of the following statements is true?

Question

Quizplus · Accepted Answer

The minimum unemployment rate in the U.S. has never been 0 percent, indicating that there's always some level of unemployment due to various factors like frictional unemployment. The highest unemployment rate was not during the 2007-2009 recession but during the Great Depression in the 1930s. The unemployment rate has not been steadily increasing since 1900; it has fluctuated with economic conditions. However, it is true that in the past 30 years, the U.S. unemployment rate has not gone below 3 percent, reflecting the natural rate of unemployment due to factors like job transitions and market changes.

Which of the Following Statements Is True